Friday, February 08, 2008



Yesterday we saw a heavy selling pressure in the Nifty futures. Nifty had a good support at 5178, the support is broken and the Nifty closed below at 5133.25. The trend line is been broken. View is slightly cautious. Now the next support is at 5071-4870. Nifty will face stiff resisitance at 5200-5400 levels. If todays close is above 5200 then the Nifty will touch 5400. Monday 11/08/2008, Reliance Power Listing. The expected premium is Rs. 150-175. Happy trading day.

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